Bruce Berkowitz's Q1 Stock Picks

By Insider Monkey: By Guan Wang
Bruce Berkowitz's Fairholme was one of the best performing funds in 2012 (check out the whole list of best performing funds). Berkowitz, who had founded Fairholme in 1999, managed to outperform the market every year except in 2003, until 2010. Thanks to his consistently strong performance, he was named "Stock Manager of the Decade" by Morningstar. Berkowitz suffered a huge loss of 34.9% in 2011, a year the whole hedge fund industry struggled, but he has started to reverse his loss over the past few months.Recently, Berkowitz released his 13F holdings as of March 31, 2012 (check out Bruce Berkowitz's top stock picks). Is he likely to continue beating the market and other hedge funds in the year ahead? Let's take a closer look at his large bullish bets.The largest positions in Berkowitz's portfolio have not changed much when compared with his holdings at theComplete Story »

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By Insider Monkey: Bruce Berkowitz was recently declared the ‘Stock Manager of the Decade’ by Morningstar. He is the founder of Fairholme Fund. Since its inception in 1999, Fairholme has managed to beat the market every year except 2003. It is now an approximately $14 billion dollar mutual fund. In 2010, Berkowitz’s stock picks returned 25.5%, beating the SPY by 10 percentage points. Unfortunately, this year Fairholme has lost 27.1% so far.

By Insider Monkey:
By Guan Wang
Bruce Berkowitz's Fairholme Fund is one of the best mutual funds in the world. It returned an average of 12.9% a year from 2000 to 2009, before going on to return 25.5% in 2010. Thanks to Berkowitz's strong performance during that period, Morningstar named him "Stock Manager of the Decade."

By Insider Monkey: Bruce Berkowitz launched Fairholme in 1999. It earned him the title of "Stock Manager of the Decade" from Morningstar and was a $19 billion mutual fund at the end of 2010. Berkowitz's Fairholme Fund managed to return 1.02% per month between September 2000 and the end of 2010. This compounds to an average annual return of 12.9% for the past 10 years.

By Insider Monkey: Bruce Berkowitz launched Fairholme in 1999. His amazing returns earned him the title of "Stock Manager of the Decade" from Morningstar, and its AUM reached $19 billion at the end of 2010. Berkowitz's Fairholme Fund managed to return 1.02% per month since September 2000. This compounds to an average annual return of 12.9% for the past 10 years. In 2010, Fairholme Fund returned 25.5%, beating the SPY by more than 10 percentage points.

By Insider Monkey: Bruce Berkowitz launched Fairholme (FAIRX) in 1999, which earned him the title of “Stock Manager of the Decade” from Morningstar. The fund managed to return 1.02% per month since September 2000. It beat the market every year except in 2003. In 2010, Fairholme returned 25.5%, beating the S&P 500 (SPY) by more than 10 percentage points.

By Insider Monkey: Bruce Berkowitz, founder of the once $19 billion Fairholme Fund, was named “Stock Manager of the Decade” by Morningstar for his performance from 2001 to 2010. Fairholme’s average annual return was almost 13% during that time. The fund outperformed the S&P 500 every year in that period except 2003. The performance was especially impressive considering the fund’s age; Berkowitz launched the Fairholme Fund in 1999.

Steven Kiel submits:Bruce Berkowitz has been visible lately defending his positions in financials. He’s had a tough year so far, with many of his big bets not performing as expected. Short-term performance should be nearly completely disregarded, though, in my opinion. Don’t look at his six month track record. Look at the past decade when he was named Morningstar’s domestic stock manager of the decade. He’s been early in the financials, but not wrong on them.

By Vatalyst:
Bruce Berkowitz launched Fairholme in 1999. Since then, he has earned the title “Stock Manager of the Decade” for his record of ultra high returns. In 2010, Berkowitz’s Fairholme Fund returned 25.5%, beating the market by more than 10 percentage points. In fact, Berkowitz has been able to outperform the market every year except 2003.